OBAMA: Auto Industry Bailout Saved 1 Million Jobs

Discussion in 'Politics' started by Bass v 2.0, Aug 7, 2010.

  1. Bass v 2.0
    Offline

    Bass v 2.0 Biblical Warrior For God.

    Joined:
    Jun 16, 2008
    Messages:
    10,651
    Thanks Received:
    528
    Trophy Points:
    48
    Location:
    Paris, France
    Ratings:
    +529
    • Thank You! Thank You! x 2
  2. bigrebnc1775
    Offline

    bigrebnc1775 Diamond Member

    Joined:
    Jun 12, 2010
    Messages:
    64,004
    Thanks Received:
    3,804
    Trophy Points:
    1,790
    Location:
    Kannapolis, N.C.
    Ratings:
    +4,848
    obama also said three million jobs were saved because of the stimulus and we can see that wa a lie.
     
  3. Gremlin-USA
    Offline

    Gremlin-USA <<< Me in 1970

    Joined:
    May 20, 2010
    Messages:
    1,306
    Thanks Received:
    184
    Trophy Points:
    98
    Location:
    Gremlinville, USA
    Ratings:
    +186
  4. Gremlin-USA
    Offline

    Gremlin-USA <<< Me in 1970

    Joined:
    May 20, 2010
    Messages:
    1,306
    Thanks Received:
    184
    Trophy Points:
    98
    Location:
    Gremlinville, USA
    Ratings:
    +186
    That deserves 5 rows

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    .
     
  5. code1211
    Offline

    code1211 Senior Member

    Joined:
    Apr 8, 2009
    Messages:
    5,999
    Thanks Received:
    845
    Trophy Points:
    48
    Ratings:
    +845

    You left out the word, "Union".

    The bailout as passed was aimed not at saving jobs, but at saving Union Jobs.

    The great fear as presented to the public was that if a bankruptcy proceeding occurred, there would be a loss of faith in the products of the company and an eventual failure of the companies affected.

    What was the first step in the bail out? Bankruptcy. However, the bail out provisions demanded that the union would remain intact. Lunacy. If there was no bail out and a bankruptcy had occurred, the Unions would not have had bargaining rights with the reorganized auto manufacturing entities that emorged.

    What makes the American Auto Industry uncompetitive is the cost structure and this is driven primarily by the labor rates. As long as there is a UAW, there will be too high labor rates. The industry was dying of a cancer and the prescription was to save the cancer.

    Brilliant!

    It was everything that years of experience with government planning has taught us to expect.
     
    • Thank You! Thank You! x 1
  6. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    50,546
    Thanks Received:
    7,388
    Trophy Points:
    1,830
    Ratings:
    +31,384
    The bankruptcy saved jobs. It was the reorganization that made viable businesses possible here. One million sounds about right when you consider what would have happened to suppliers. Government helped to delay this process and put about 250,000 dealership employees out of work. But good news, most of those people were not union.
     
  7. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    89,729
    Thanks Received:
    16,384
    Trophy Points:
    2,220
    Location:
    NYC
    Ratings:
    +49,585
    Obama turned over most of the US Auto industry to the UAW
     
  8. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    50,546
    Thanks Received:
    7,388
    Trophy Points:
    1,830
    Ratings:
    +31,384
    That's the facts Jack! Errr....Frank.
     
  9. rightwinger
    Offline

    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

    Top Poster Of Month

    Joined:
    Aug 4, 2009
    Messages:
    143,587
    Thanks Received:
    22,825
    Trophy Points:
    2,190
    Ratings:
    +62,046
    Where are all the rightwing pundits who screamed that the auto companies would be back in six months looking for more money? Where are the pundits who claimed the Government can't do anything right and would run the auto companies into the ground? Where are all the righties who claimed we would never see a cent of the money we invested?
     
  10. bigrebnc1775
    Offline

    bigrebnc1775 Diamond Member

    Joined:
    Jun 12, 2010
    Messages:
    64,004
    Thanks Received:
    3,804
    Trophy Points:
    1,790
    Location:
    Kannapolis, N.C.
    Ratings:
    +4,848
    Now you've done it you envoked the name of a fool but you did correct yourself.
     

Share This Page